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Real Estate Prices & Overview

E 160th St / Forest Ave median real estate price is $988,939, which is more expensive than 73.3% of the neighborhoods in New York and 90.3% of the neighborhoods in the U.S.

The average rental price in E 160th St / Forest Ave is currently $2,665, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.3% of New York neighborhoods.

E 160th St / Forest Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.

E 160th St / Forest Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the E 160th St / Forest Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

In E 160th St / Forest Ave, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.1% of all neighborhoods in the U.S. This means that the housing supply in E 160th St / Forest Ave is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bronx, the E 160th St / Forest Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 41.7% of the E 160th St / Forest Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.2% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 97.8% of U.S. neighborhoods.

Real Estate

The E 160th St / Forest Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 45,318 persons per square mile in the neighborhood, it is more packed with people than 98.2% of the nation's neighborhoods.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the E 160th St / Forest Ave neighborhood have a highly unusual car ownership. 41.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.2% of U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the E 160th St / Forest Ave neighborhood about it; they already know. 18.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.1% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Diversity

Did you know that the E 160th St / Forest Ave neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.6% of this neighborhood's residents have Puerto Rican ancestry and 11.3% have Dominican ancestry.

E 160th St / Forest Ave is also pretty special linguistically. Significantly, 3.6% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 96.0% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the E 160th St / Forest Ave neighborhood in Bronx are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.6% of U.S. neighborhoods. With 52.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the E 160th St / Forest Ave neighborhood, 42.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.0%), and 15.1% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the E 160th St / Forest Ave neighborhood is Spanish, spoken by 59.8% of households. Other important languages spoken here include English and French.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the E 160th St / Forest Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (22.2%). There are also a number of people of Puerto Rican ancestry (21.6%), and residents who report Dominican roots (11.3%), and some of the residents are also of Sub-Saharan African ancestry (5.2%), along with some South American ancestry residents (4.3%), among others. In addition, 21.1% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in E 160th St / Forest Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (46.9% of working residents), longer and tougher than most commutes in America.

Here most residents (41.7%) take the train to get to work. In addition, quite a number also ride the bus to get to work (15.5%) and 9.2% of residents also drive alone in a private automobile for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.

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